G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2017 Results
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Brean Capital Cuts Price Target on G-III Apparel Group (GIII) Following 3Q Miss
December 2, 2016 9:49 AM ESTBrean Capital maintained a Buy rating on G-III Apparel Group (NASDAQ: GIII), and cut the price target to $39.00 (from $41.00), following the company's 3Q earnings report. GIII reported revenues of $883M down -3% y/y compared to consensus' +3% estimates ~$940M. Adjusted EPS of $1.50 came in below consensus of $1.54. The Miss was largely driven by soft outerwear sales and continued soft trends at retail.
Analyst... More
G-III Apparel Group (GIII) Misses Q3 EPS by 4c, Offers Guidance
December 1, 2016 4:25 PM ESTG-III Apparel Group (NASDAQ: GIII) reported Q3 EPS of $1.50, $0.04 worse than the analyst estimate of $1.54. Revenue for the quarter came in at $883.5 million versus the consensus estimate of $937.56 million.
GUIDANCE:
G-III Apparel Group sees FY2017 EPS of $1.90-$2.00, versus... More
